GBG
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0.00% 2.9¢ gindalbie metals ltd

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  1. hws
    613 Posts.
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    05/12/13
    14:28
    Post #: 12662715
    The delays can be handled - what is not good is what it is going to cost GBG in terms of ownership of karara.

    Feasibility studies, project figures, repayment of loans etc were based on 50% ownership, 4mtpa. GBG will be lucky to own 25% by the time Karara get to nameplate 2mtpa - rework the figures - all the loans and debt on that.

    GBG Price at posting: 11.2¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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